(eToro Blog) Swiss bulls stand at the ready for an SNB intervention. Speculation is rife that it will come soon and recent data pointing to a slowing down of the Swiss economy may hasten the decision. Yesterday, it was reported that the pace of Swiss manufacturing slowed in January, even as the frail Eurozone showed [...]
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Euro-area PMIs Surprise, but Swiss PMI Disappoints – Is an SNB Intervention Ahead?
(eToro Blog) In the broader Eurozone area, the earlier release of Purchasing Managers’ Indices for January offered investors a few surprises, most welcome but one decidedly not. In the United Kingdom, the Office of National Statistics read for January’s manufacturing PMI was reported higher at 52.1 from a revised reading of 49.7 and besting the [...]
SNB’s Latest Blip Gives EUR/CHF Traders a Thrill
(eToro Blog) In spite of the $1.20 Euro-peg implemented in September of last year by the Swiss National Bank, yesterday the Swiss Franc took a hard and fast (and ultimately short-lived) fall against the Euro, touching on $1.21360. Traders wondered if the SNB wasn’t once again making an official surprise intervention. The SNB has been [...]
